The Implications of Bitcoin: Money Without Government

One of my favorite things about bitcoin is how it’s such an all-inclusive tent. Bitcoin attracts political idealists from the right, political idealists from the left, Silicon Valley technologists, social science academics, philosophers, capitalists, socialists, and even apolitical speculators. Alex Payne kicked off this latest round of analysis with his blog piece : “Bitcoin, Magical Thinking, and Political Ideology”. A self-described programmer and secular humanist, Payne worked as an early engineer at Twitter building the service’s developer platform and backend infrastructure. Mostly, he criticizes Silicon Valley for its self-indulgent hyper-capitalism that lacks meaningful solutions to real-world problems. Oh yeah, and he specifically targets Chris Dixon , Andreeseen Horowitz , and their Coinbase investment. Chris Dixon, Andreessen Horowitz’s partner on the Coinbase b...